Property Tax Abatement for Solar Electric Systems (North Carolina)

From Open Energy Information

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place North Carolina


Name Property Tax Abatement for Solar Electric Systems
Incentive Type Property Tax Incentive
Applicable Sector Commercial, Industrial, Residential, Agricultural
Eligible Technologies Solar Thermal Electric, Photovoltaics
Active Incentive Yes
Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount 80% of the appraised value




Start Date 2008-07-01










Program Administrator N.C. Department of Revenue


References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

In August 2008, North Carolina enacted legislation that exempts 80% of the appraised value of a "solar energy electric system" (also known as a photovoltaic, or PV, system) from property tax. For the purposes of this assessment, the term "solar energy electric system" means "all equipment used directly and exclusively for the conversion of solar energy to electricity." This incentive is effective for taxable years beginning on or after July 1, 2008.


A Memorandum sent to County Commissioners in February 2011 clarified that residential PV systems that are not used to generate income or in connection with a business may be entirely exempt from property taxes as non-business personal property. The Memorandum provides further guidance for determining if a system can be exempted as non-business personal property. System owners should review the Memorandum and consult their local property assessment office if they have questions.

Incentive Contact

Contact Name Taxpayer Assistance - NC DOR
Department N.C. Department of Revenue
Address Post Office Box 25000
Place Raleigh, North Carolina
Zip/Postal Code 27640
Phone (877) 252-3052


Website http://www.dor.state.nc.us



Authorities (Please contact the if there are any file problems.)

Authority 1: N.C. Gen. Stat. § 105-275 (section 45)
Date Effective 2008-07-01
Date Enacted 2008-08-02


Authority 2: North Carolina Department of Revenue Solar Energy Electric Systems Memo
Date Enacted 2011-02-15

















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency" Cite error: Invalid <ref> tag; name "DSIRE" defined multiple times with different content